PIMCO Intermediate Municipal Bond Exchange-Traded Fund (NYSEARCA:MUNI – Get Rating)’s stock price shot up 0.1% on Monday . The stock traded as high as $52.49 and last traded at $52.45. 98,454 shares traded hands during mid-day trading, a decline of 39% from the average session volume of 160,223 shares. The stock had previously closed at $52.39.
PIMCO Intermediate Municipal Bond Exchange-Traded Fund Stock Up 0.1 %
The firm’s fifty day simple moving average is $51.89 and its two-hundred day simple moving average is $51.35.
Institutional Inflows and Outflows
A number of large investors have recently added to or reduced their stakes in MUNI. AdvisorNet Financial Inc increased its stake in PIMCO Intermediate Municipal Bond Exchange-Traded Fund by 2.7% during the third quarter. AdvisorNet Financial Inc now owns 23,546 shares of the company’s stock worth $1,180,000 after acquiring an additional 610 shares during the last quarter. Vicus Capital increased its position in shares of PIMCO Intermediate Municipal Bond Exchange-Traded Fund by 8.5% during the 3rd quarter. Vicus Capital now owns 8,091 shares of the company’s stock worth $406,000 after purchasing an additional 632 shares during the last quarter. Captrust Financial Advisors raised its holdings in PIMCO Intermediate Municipal Bond Exchange-Traded Fund by 5.6% in the 3rd quarter. Captrust Financial Advisors now owns 13,043 shares of the company’s stock valued at $654,000 after buying an additional 693 shares during the period. Bartlett & Co. LLC lifted its position in PIMCO Intermediate Municipal Bond Exchange-Traded Fund by 355.6% in the fourth quarter. Bartlett & Co. LLC now owns 2,050 shares of the company’s stock valued at $106,000 after buying an additional 1,600 shares during the last quarter. Finally, Westside Investment Management Inc. purchased a new position in PIMCO Intermediate Municipal Bond Exchange-Traded Fund during the third quarter worth about $85,000.
PIMCO Intermediate Municipal Bond Exchange-Traded Fund Company Profile
PIMCO Intermediate Municipal Bond Strategy Fund, formerly, PIMCO Intermediate Municipal Bond ETF (the Fund), seeks to achieve its investment objective by investing at least 80% of its assets in a diversified portfolio of debt securities whose interest is, in the opinion of bond counsel for the issuer at the time of issuance, exempt from federal income tax (Municipal Bonds).
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